SOLD
Description
A/O. No more showings. Great Investment Opportunity, Earn 12% + return on Investment* Huge @580 SF 2 Family duplex with each unit boasting 2 floors with 3 spacious Bedrooms upstairs. Downstairs features Kitchen Large Formal Dining rooms and Living room. On unit has a full Bathropom and Half Bathroom while other unit has one bathroom. Needs work but potential is amazing!!! Two Car Garage so each tenant gets one bay. Large Rocking chair porch and rear deck. Good Area in Uptown location. walk to everything very convenient. Cap Rate of 12 is based on approximately $75,000 in renovation costs plus the $175,000 sale price for a total of $250,000 versus the Rental income of $1700 per month total $3,400 per month and Net profit after all expenses of $31,000. Or live in one unit and let other apt pay your rent. EZ to show vacant.
Listing Courtesy of orange west realty